The
global power management IC market is currently expected to hit $49
billion by 2019. Top categories in this market include a
categorization according to the type of product and the product’s
applications.
Usage,
Key Driving Factors and Restraints
Power
management Integrated Chips find a wide range of uses across
different sectors of the industry such as automotive, electronics,
networking, and medical, to name a few.
The
key driving factors for the power management IC market include
advancements in technology and a rising requirement for
battery-operated devices. Modern technology makes it possible to
create a power management IC with an efficient usage of raw
materials, reducing cost. Chips are becoming smaller due to the
implementation of better technology, making the power management IC
market an extremely suitable fit for growth through reduction in size
and cost. With more and more consumers opting for battery-powered
technology that stays operable for long hours on a single charge, the
market might see a distinct boom in the near future.
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Major
Categories
A
segmentation of the global power management IC market is possible
through either product types or through application purposes.
By
type, the market is categorized into:
Motor
Control IC
Battery
Management IC
Voltage
regulators
Int.
ASSP PMICs
Switch
controllers, gate drivers, power factor correctors, etc.
By
application, the market is segmented as:
Automotive
Industrial
Consumer
electronics
Telecommunications
and networking
Military
electronics
Medical
electronics
Areas
of Growth
The
largest growth is experienced by the automobile and transportation
market. The sector was the largest in 2012, and is expected to
maintain the leading position till a forecast period of 2019. Going
with the market sectors of product type, the integrated ASSP PMICs
sector has held a leading position in market growth. This is mainly
due to the large area of usage for the ICs in very specific
functions.
Scope
of the Global Power Management IC Market
Till
2012, Asia-Pacific was the largest share holder for the global power
management IC market, with a holding of 45% of the total market
share. The market is forecast to grow at a CAGR of 6.1% from 2013 to
2019.
The
Asia-Pacific region has held the majority share in the market due to
a growing internal demand, along with an increased of power
management IC in the consumer electronics sector. The following
regions that show a good scope of growth are North America and Rest
of the World. North American growth of the power management IC market
is a direct result of their incorporation into the growing automobile
sector and an increase in the number of semiconductor industries
based there.
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Top
Names in the Power Management IC Market
Some
of the key players include Texas Instruments, Toshiba,
STMicroelectronics, Fairchild Semiconductor, Renesas Electronics,
Semtech Corporation, Maxim Integrated, Dialog Semiconductor Plc,
Linear Technology, Rohm Co. Limited, and International Rectifier. The
market is a rather consolidated one, with primary names holding a
majority of the market share. That leaves lesser room for minor
global brands and regional brands to expand.
PMICs
and Consumer Electronics
A
large part of the growth of the power management IC market has been
the responsibility of the consumer electronics market. There seems to
be an ever-growing demand for electronic devices such as smartphones,
laptops, and tablet PCs. Power management ICs are primarily used in
this sector for energy generation and conservation concepts, thereby
aiding its requirement by larger numbers. A growing concern over
power wastage has resulted in the usage of power management ICs to
help curb excessive power wastage. Other aspects of consumer
electronics, especially wearable technology in the military and
medical fields have caused a substantial rate of growth for this
market.
In
conclusion, the global power management IC market is growing at an
optimistically steady rate, and will continue to do so provided that
future research endeavors enable the technology to improve at a
fast-enough rate. The automobile industry shows the PMIC market the
greatest scope of growth and will continue to do so for a
considerable period of time.
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